Alexander O. Schuth Sells 7,500 Shares of Denali Therapeutics Inc (DNLI) Stock

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Denali Therapeutics Inc (NASDAQ:DNLI) COO Alexander O. Schuth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $22.58, for a total value of $169,350.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of DNLI opened at $24.44 on Friday. The stock has a market capitalization of $2.11 billion, a PE ratio of -62.67 and a beta of 2.11. Denali Therapeutics Inc has a 1 year low of $12.32 and a 1 year high of $25.05.

Denali Therapeutics (NASDAQ:DNLI) last issued its earnings results on Tuesday, March 12th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.90. The business had revenue of $125.68 million for the quarter, compared to analyst estimates of $9.73 million. Denali Therapeutics had a negative return on equity of 7.29% and a negative net margin of 28.06%. As a group, sell-side analysts expect that Denali Therapeutics Inc will post -1.65 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on DNLI. ValuEngine cut Denali Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded Denali Therapeutics from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Thursday, January 3rd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $25.00 price objective on shares of Denali Therapeutics in a research note on Friday, December 7th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DNLI. Northern Trust Corp raised its stake in Denali Therapeutics by 11.2% during the second quarter. Northern Trust Corp now owns 186,934 shares of the company’s stock valued at $2,850,000 after buying an additional 18,885 shares in the last quarter. Wells Fargo & Company MN increased its position in Denali Therapeutics by 24.0% in the 3rd quarter. Wells Fargo & Company MN now owns 69,330 shares of the company’s stock valued at $1,508,000 after acquiring an additional 13,410 shares during the period. JPMorgan Chase & Co. increased its position in Denali Therapeutics by 207.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,554 shares of the company’s stock valued at $229,000 after acquiring an additional 7,120 shares during the period. Wasatch Advisors Inc. increased its position in Denali Therapeutics by 90.4% in the 3rd quarter. Wasatch Advisors Inc. now owns 59,269 shares of the company’s stock valued at $1,289,000 after acquiring an additional 28,138 shares during the period. Finally, Rhumbline Advisers increased its position in Denali Therapeutics by 135.3% in the 3rd quarter. Rhumbline Advisers now owns 38,137 shares of the company’s stock valued at $829,000 after acquiring an additional 21,926 shares during the period. 71.72% of the stock is currently owned by institutional investors.

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About Denali Therapeutics

Denali Therapeutics Inc, a biopharmaceutical company, discovers and develops therapeutic candidates for neurodegenerative diseases in the United States. The company offers leucine-rich repeat kinase 2 (LRRK2) inhibitor product candidates, including DNL201 and DNL151, which are in Phase 1 clinical trials for Parkinson's disease.

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